China's forex regulator vows to prevent risks, keep market stable - Economic Times

(Bloomberg) --China plans to maintain stability in the foreign exchange market in 2020 and will take steps to prevent financial risks in the sector, the State Administration of Foreign Exchange said.

Participants at a meeting by the regulator on Friday called for the prevention of abnormal cross-border capital flows caused by external risks, and vowed to crack down on illegal activities in the market, according to a statement on its website.

SAFE will support forex management trials in China’s free trade zones and ports as part of its efforts to further facilitate imports and exports, and investment. It will also boost its ability to manage China’s reserves.

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https://economictimes.indiatimes.com/markets/forex/chinas-forex-regulator-vows-to-prevent-risks-keep-market-stable/articleshow/72673730.cms

2019-12-15 09:40:00Z
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